Checking the Overall Picture for Harley-Davidson, Inc. (HOG)

Harley-Davidson, Inc. (HOG) is an interesting player in the Consumer Goods space, with a focus on Recreational Vehicles. The stock has been active on the tape, currently trading at $ 60.50, down from yesterday’s close by -0.84%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. Harley-Davidson, Inc. (HOG) currently trades with a market capitalization of $ 10.67 Billion. That value represents a market adjusting for revenues that have been falling by -5.93 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For HOG, the company currently has $ 812.56 Million of cash on the books, which is offset by $ 2.14 Billion current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $ 918.07 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $ 0.99 on a per share basis this quarter. Perhaps, that suggests something about why 0.97% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Harley-Davidson, Inc. recorded a 52-week high of $ 63.40. It is now trading 2.9% off that level. The stock is trading $ 58.73 its 50-day moving average by -1.77%. The stock carved out a 52-week low down at $ 40.85.

In recent action, Harley-Davidson, Inc. (HOG) has made a move of +2.86% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 10.62, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.54% with $ 174.68 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HOG.

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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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